Skip to main content

Results of the 94th Opinion Survey on the General Public's Views and Behavior (June 2023 Survey)

July 12, 2023
Public Relations Department
Bank of Japan

Full Text [PDF 799KB]

Survey Outline

Survey period : From May 11 to June 6, 2023.
Population of the Survey : Individuals living in Japan who are at least 20 years of age.
Sample size : 4,000 people (2,110 people [i.e., 52.8 percent of the overall sample size] provided valid responses to questions).
Sampling method : Stratified two-stage random sampling method.
Survey methodology : Mail survey method (responses collected by mail or via the internet).

Impression of Present Economic Conditions Compared with One Year AgoPercent, percentage points
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Have improved (A)	4.8	5.2	6.8	13.7
Have remained the same	31.4	27.1	28.8	36.3
Have worsened (B)	63.2	67.0	63.9	49.6
D.I. (A) minus (B)	-58.4	-61.8	-57.1	-35.9

Outlook for Economic Conditions One Year from NowPercent, percentage points
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Will improve (A)	10.5	9.1	13.1	16.6
Will remain the same	46.0	44.4	45.9	50.5
Will worsen (B)	42.9	46.2	40.3	32.4
D.I. (A) minus (B)	-32.4	-37.1	-27.2	-15.8

Impression of Present Household Circumstances Compared with One Year AgoPercent, percentage points
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Have become better off (A)	4.0	3.7	3.8	4.1
Difficult to say	44.4	42.4	39.7	38.3
Have become worse off (B)	50.7	53.0	56.0	56.8
D.I. (A) minus (B)	-46.7	-49.3	-52.2	-52.7

Perception of the Present Price Levels Compared with One Year AgoPercent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Have gone up significantly	46.4	52.7	62.8	66.3
Have gone up slightly	45.4	41.6	31.7	29.2
Have been almost unchanged	5.9	3.6	3.2	2.1
Have gone down slightly	0.5	0.7	0.6	0.5
Have gone down significantly	0.4	0.7	0.7	0.5

Outlook for Price Levels One Year from NowPercent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Will go up significantly	28.9	32.5	33.1	28.2
Will go up slightly	56.8	52.5	52.6	58.1
Will be almost unchanged	11.0	11.9	10.9	10.5
Will go down slightly	1.8	2.0	2.1	1.8
Will go down significantly	0.4	0.4	0.5	0.1

One of the Bank's Objectives Is to Achieve Price StabilityPercent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Know about it	-	30.7	-	31.4
Have read or heard of it, but do not know much about it	-	45.4	-	45.1
Have never heard of it	-	23.2	-	23.2

The Bank Has Set the Price Stability Target at 2 Percent in terms of the Year-on-Year Rate of Change in the CPI Percent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Know about it	24.9	25.6	26.0	26.0
Have read or heard of it, but do not know much about it	29.3	32.8	30.1	32.6
Have never heard of it	44.9	41.0	43.0	41.2

The Bank Has Been Implementing Aggressive Monetary Easing Measures to Achieve the Price Stability Target of 2 Percent Percent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Know about it	28.7	41.8	32.4	40.4
Have read or heard of it, but do not know much about it	34.2	37.4	34.2	38.0
Have never heard of it	36.2	20.1	32.6	21.1

The Bank Has Been Conducting "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" Percent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Know about it	16.7	22.9	16.7	21.7
Have read or heard of it, but do not know much about it	29.2	36.1	32.0	37.3
Have never heard of it	53.3	40.6	50.4	40.5

Confidence in the BankPercent
	91st survey (Sep 2022)	92nd survey (Dec 2022)	93rd survey (Mar 2023)	94th survey (Jun 2023)
Confident	-	10.8	-	11.1
Somewhat confident	-	28.7	-	32.2
Difficult to say	-	48.0	-	45.4
Not particularly confident	-	7.6	-	7.4
Not confident	-	3.9	-	3.2

Inquiries

Planning and Analysis Group, Public Relations Department

E-mail : prdmail(at)boj.or.jp
*Please change (at) to @.